TATA MOTORS LTD. #TATAMOTOR
- BROKE A MAJOR SUPPORT AT 108.50
- GAVE A BREAKOUT FROM DOWNWARD TRENDING CHANNEL
- TOOK SUPPORT FROM 100EMA AND HISTORICAL TRENDLINE.
INDICATORS:
RSI NEAR 25-LEVEL AND IS BEARISH
TT2 TREND TOOL IS BEARISH IN 30MINS TF
CVD IS NEUTRAL.
CONCLUSION:
1. FOR FURTHER DOWN MOVE, PRICES NEED TO BREAK THE TRENDLINE AND THE LOW OF 104.35.
SELL BELOW 104.35
SL 106.25 OR TSL 108.50
TGTS 102.5/100.25
2. BUY ABOVE 108.50
SL 100EMA
TGTS 110.80/112.5/114.5
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
- BROKE A MAJOR SUPPORT AT 108.50
- GAVE A BREAKOUT FROM DOWNWARD TRENDING CHANNEL
- TOOK SUPPORT FROM 100EMA AND HISTORICAL TRENDLINE.
INDICATORS:
RSI NEAR 25-LEVEL AND IS BEARISH
TT2 TREND TOOL IS BEARISH IN 30MINS TF
CVD IS NEUTRAL.
CONCLUSION:
1. FOR FURTHER DOWN MOVE, PRICES NEED TO BREAK THE TRENDLINE AND THE LOW OF 104.35.
SELL BELOW 104.35
SL 106.25 OR TSL 108.50
TGTS 102.5/100.25
2. BUY ABOVE 108.50
SL 100EMA
TGTS 110.80/112.5/114.5
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
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Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500